An intermediate course in economics

Welcome to Econ-3613.

The learning objective of this course is for students to learn how trade affects prices and the allocation of resources across countries, and how nations may gain or lose from trade. To do this, we start from classical models of trade. We then study a standard trade model. We continue with contemporary trade models under increasing return to scale. And we conclude our survey by looking at the most recent models that describe firms’ export decisions and multinational production. We further examine selected trade policy instruments such as tariffs and quotas, and we study the welfare effects of such policies. To conclude this course, we examine a selected number of arguments for and against free trade. For more details, you may refer to the syllabus.

Assessment

When it comes to final letter grade calculation, the exams have 80% weight. For a given student, 45% weight will be allocated to the exam with higher grade, and 35% weight will be allocated to the exam with lower grade. Your class participation grade contributes to the remaining of your final letter grade. For more, refer to the syllabus.